SPDN vs FLC

Comparison between DIREXION DAILY S&P 500 (R) BEAR 1X SHARES (SPDN, ETF) and Flaherty & Crumrine Total Return Fund Inc (FLC, ETF).

5-Year PerformanceFLC has outperformed SPDN, delivering a return of +0.0% compared to -7.6%

SPDN vs FLC - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	SPDN(ETF)	FLC(ETF)
Net Assets	$195M	$195M
Expense Ratio	0.48%	N/A
Max Drawdown	79.63%	83.05%
Sharpe Ratio	-1.12	0.23
5Y Beta	-0.97	0.35
5Y Dividends CAGR	N/A	-3.01%

Net Assets

SPDN

$195M

Winner

FLC

$195M

Expense Ratio

SPDN

0.48%

FLC

N/A

Max Drawdown

Winner

SPDN

79.63%

FLC

83.05%

Sharpe Ratio

SPDN

-1.12

Winner

FLC

0.23

5Y Beta

Winner

SPDN

-0.97

FLC

0.35

5Y Dividends CAGR

SPDN

N/A

FLC

-3.01%

SPDN vs FLC - Historical Returns

Returns include dividend reinvestment.

Period	SPDN	FLC
1 month	-0.11%	+0.36%
3 months	-3.06%	-1.11%
6 months	-4.91%	-1.94%
1 year	-9.98%	+5.86%
5 years(CAGR)	-7.59%	+0.01%
10 years(CAGR)	-12.02%	+4.48%
Max(CAGR)	-12.15%	+6.73%

SPDN

-0.11%

Winner

FLC

+0.36%

SPDN

-3.06%

Winner

FLC

-1.11%

SPDN

-4.91%

Winner

FLC

-1.94%

SPDN

-9.98%

Winner

FLC

+5.86%

5Y(CAGR)

SPDN

-7.59%

Winner

FLC

+0.01%

10Y(CAGR)

SPDN

-12.02%

Winner

FLC

+4.48%

Max(CAGR)

SPDN

-12.15%

Winner

FLC

+6.73%

SPDN vs FLC - Annual Returns (2003 - 2026)

Returns include dividend reinvestment.

Year	SPDN	FLC
2026	-5.46%	-1.02%
2025	-11.32%	+11.76%
2024	-13.44%	+22.19%
2023	-15.40%	-1.94%
2022	+19.39%	-25.34%
2021	-24.71%	+4.44%
2020	-23.87%	+13.45%
2019	-21.99%	+37.30%
2018	+6.21%	-13.29%
2017	-16.49%	+16.24%
2016	-6.92%	+11.03%
2015	N/A	+3.84%
2014	N/A	+14.49%
2013	N/A	-1.28%
2012	N/A	+18.17%
2011	N/A	+18.59%
2010	N/A	+29.30%
2009	N/A	+92.93%
2008	N/A	-45.87%
2007	N/A	-15.44%
2006	N/A	+19.12%
2005	N/A	-15.77%
2004	N/A	+5.81%
2003	N/A	+4.93%

SPDN vs FLC Drawdown Comparison

The maximum drawdown for SPDN was -75.30%, occurring on Jun 2, 2026. This drawdown has not yet recovered.

The maximum drawdown for FLC was -76.84%, occurring on Oct 10, 2008. Recovery took 739 trading sessions.

The current SPDN drawdown is -74.53%. The current FLC drawdown is -4.22%.

Rank	SPDN	FLC
#1	-75.30% Jun 27, 2016 - Jun 2, 2026	-76.84% Mar 23, 2007 - Mar 1, 2010
#2	-2.37% Jun 16, 2016 - Jun 24, 2016	-55.27% Feb 10, 2020 - Nov 10, 2020
#3	N/A	-40.11% Oct 22, 2021 - Feb 11, 2026
#4	N/A	-19.34% May 18, 2011 - Dec 21, 2011
#5	N/A	-18.80% Feb 4, 2005 - Nov 24, 2006
#6	N/A	-18.66% Jul 14, 2017 - May 3, 2019
#7	N/A	-17.62% May 7, 2013 - Apr 11, 2014
#8	N/A	-17.20% Mar 15, 2004 - Feb 4, 2005
#9	N/A	-16.37% Jul 8, 2016 - Apr 24, 2017
#10	N/A	-13.55% May 3, 2010 - Jun 14, 2010
#11	N/A	-11.81% Jan 29, 2015 - Jan 29, 2016
#12	N/A	-11.09% Oct 16, 2012 - Jan 10, 2013
#13	N/A	-11.08% Oct 13, 2010 - Feb 14, 2011
#14	N/A	-8.96% Dec 22, 2020 - Mar 30, 2021
#15	N/A	-8.34% Feb 11, 2026 - Mar 27, 2026

Correlation

Correlation between SPDN and FLC is -0.75 which considered as a strong negative correlation - the stocks tend to move in opposite directions.

-0.75

-101

Dividend Comparison (2003 - 2026)

SPDN vs FLC dividend yield comparison.

Year	SPDN	FLC
2026	1.36%	3.73%
2025	4.06%	6.81%
2024	5.32%	6.62%
2023	5.84%	7.38%
2022	0.96%	8.95%
2021	0.00%	6.86%
2020	0.10%	6.27%
2019	1.89%	6.31%
2018	1.24%	8.34%
2017	0.42%	7.22%
2016	0.00%	8.20%
2015	0.00%	8.51%
2014	0.00%	8.25%
2013	0.00%	9.28%
2012	0.00%	8.72%
2011	0.00%	9.08%
2010	0.00%	8.93%
2009	0.00%	9.13%
2008	0.00%	19.19%
2007	0.00%	9.08%
2006	0.00%	7.24%
2005	0.00%	9.45%
2004	0.00%	7.86%
2003	0.00%	1.41%